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Quad/Graphics, Inc.(QUAD)Earnings, Financials & Key Ratios
QUAD•NYSE
$7.45
$389M mkt cap·13.8× P/E·Price updated May 6, 2026
SectorIndustrialsIndustryBusiness ServicesSub-IndustryMarketing, Printing and Investor Communications
AboutQuad/Graphics, Inc. provides marketing solutions worldwide. The company operates through United States Print and Related Services, and International segments. It offers printing services, such as retail inserts, publications, catalogs, special interest publications, journals, direct mail, directories, in-store marketing and promotion, packaging, newspapers, custom print products, and other commercial and specialty printed products; and paper procurement services. The company also provides marketing and other services, including consumer insights, audience targeting, personalization, media planning and placement, process optimization, campaign planning and creation, pre-media production, videography, photography, digital and print execution, and logistics, as well as manufactures ink. It serves blue chip companies that operate in various industries, and serve businesses and consumers comprising retailers, publishers, and direct marketers. The company was founded in 1971 and is headquartered in Sussex, Wisconsin.Show more
- Revenue$2.42B-9.4%
- EBITDA$197M-14.0%
- Net Income$27M+153.0%
- EPS (Diluted)0.54+150.5%
- Gross Margin18.38%+2.2%
- EBITDA Margin8.16%-5.1%
- Operating Margin4.91%+3.2%
- Net Margin1.12%+158.6%
- ROE30.25%+150.3%
- ROIC17.92%+10.6%
- Debt/Equity3.45-62.9%
- Interest Coverage2.35+720.2%
QUAD Key Insights
Quad/Graphics, Inc. (QUAD) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Strong Piotroski F-Score: 7/9
- ✓Momentum leader: RS Rating 83 (top 17%)
- ✓High quality earnings: Operating CF exceeds net income
- ✓Healthy dividend yield of 3.9%
- ✓Efficient asset utilization: 1.9x turnover
✗Weaknesses
- ✗High debt to equity ratio of 3.5x
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
QUAD Price & Volume
Quad/Graphics, Inc. (QUAD) stock price & volume — 10-year historical chart
Loading chart...
QUAD Growth Metrics
Quad/Graphics, Inc. (QUAD) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-6.38%
5 Years-3.75%
3 Years-9.05%
TTM-10.4%
Profit CAGR
10 Years-
5 Years-
3 Years42.66%
TTM261.18%
EPS CAGR
10 Years-
5 Years-
3 Years44.22%
TTM248.02%
Return on Capital
10 Years11.81%
5 Years13.99%
3 Years16.92%
Last Year19.33%
QUAD Recent Earnings
Quad/Graphics, Inc. (QUAD) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 10/12 qtrs (83%)●Beat Revenue 3/12 qtrs (25%)
Q2 2026Latest
Apr 28, 2026EPS
$0.25
Est $0.22
+13.6%
Revenue
$581M
Est $581M
-0.0%
Q1 2026
Feb 17, 2026EPS
$0.36
Est $0.36
+0.0%
Revenue
$631M
Est $633M
-0.4%
Q4 2025
Oct 28, 2025EPS
$0.31
Est $0.27
+14.8%
Revenue
$588M
Est $633M
-7.1%
Q3 2025
Jul 29, 2025EPS
$0.14
Est $0.12
+16.7%
Revenue
$572M
Est $605M
-5.4%
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 28, 2026 | $0.25vs $0.22+13.6% | $581Mvs $581M-0.0% |
| Q1 2026 | Feb 17, 2026 | $0.36vs $0.36+0.0% | $631Mvs $633M-0.4% |
| Q4 2025 | Oct 28, 2025 | $0.31vs $0.27+14.8% | $588Mvs $633M-7.1% |
| Q3 2025 | Jul 29, 2025 | $0.14vs $0.12+16.7% | $572Mvs $605M-5.4% |
Based on last 12 quarters of dataView full earnings history →
QUAD Peer Comparison
Quad/Graphics, Inc. (QUAD) competitors in Marketing, Printing and Investor Communications — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 SRPT | 2.28B | 21.79 | 9.31 | 52.97% | -11.25% | -20.57% | 0.88 | |
 ACCO | 370.88M | 4.02 | 9.14 | -8.49% | 4.76% | 11.26% | 13.7% | 1.39 |
 ENVA | 4.22B | 169.28 | 14.62 | 18.58% | 9.79% | 24.88% | 41.96% | 3.41 |
 EBF | 617.6M | 20.55 | 13.34 | -6.07% | 10.86% | 13.81% | 9.71% | 0.03 |
 TRMK | 2.64B | 44.76 | 12.10 | 34.75% | 20.01% | 10.77% | 8.8% | 0.53 |
 GCI | 876.77M | 5.96 | -33.11 | -5.79% | 4.11% | 49.68% | 5.79% | 8.43 |
 NYT | 12.48B | 77.26 | 43.65 | 6.59% | 12.29% | 17.06% | 3.05% | 0.02 |
 SSP | 433.08M | 4.92 | -2.63 | -14.31% | -7.65% | -13.2% | 0.01 |
Compare QUAD vs Peers
Quad/Graphics, Inc. (QUAD) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
QUAD Income Statement
Quad/Graphics, Inc. (QUAD) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales/Revenue | 4.13B | 4.19B | 3.92B | 2.93B | 2.96B | 3.22B | 2.96B | 2.67B | 2.42B | 2.37B |
| Revenue Growth % | -4.58% | 1.51% | -6.45% | -25.33% | 1.05% | 8.67% | -8.06% | -9.65% | -9.44% | -10.4% |
| Cost of Goods Sold | 3.48B | 3.43B | 3.4B | 2.51B | 2.54B | 2.76B | 2.51B | 2.19B | 1.98B | 1.93B |
| COGS % of Revenue | 84.3% | 81.85% | 86.61% | 85.79% | 85.94% | 85.69% | 84.76% | 82.01% | 81.62% | - |
| Gross Profit | 648.5M▲ 0% | 553.1M▼ 14.7% | 525.3M▼ 5.0% | 416.2M▼ 20.8% | 416.3M▲ 0.0% | 460.2M▲ 10.5% | 450.8M▼ 2.0% | 480.7M▲ 6.6% | 444.7M▼ 7.5% | 439.5M▲ 0% |
| Gross Margin % | 15.7% | 13.19% | 13.39% | 14.21% | 14.06% | 14.31% | 15.24% | 17.99% | 18.38% | 18.53% |
| Gross Profit Growth % | -2.76% | -14.71% | -5.03% | -20.77% | 0.02% | 10.55% | -2.04% | 6.63% | -7.49% | - |
| Operating Expenses | 432.8M | 360.9M | 402.4M | 333.9M | 326.2M | 359.8M | 352M | 353.6M | 325.9M | 320.8M |
| OpEx % of Revenue | 10.48% | 8.61% | 10.26% | 11.4% | 11.02% | 11.18% | 11.9% | 13.23% | 13.47% | - |
| Selling, General & Admin | 423.8M | 357.3M | 398.8M | 330.9M | 323.1M | 356.5M | 348.9M | 350.4M | 325.9M | 320.8M |
| SG&A % of Revenue | 10.26% | 8.52% | 10.16% | 11.3% | 10.91% | 11.08% | 11.8% | 13.11% | 13.47% | - |
| Research & Development | 9M | 3.6M | 3.6M | 3M | 3.1M | 3.3M | 3.1M | 3.2M | 0 | 0 |
| R&D % of Revenue | 0.22% | 0.09% | 0.09% | 0.1% | 0.1% | 0.1% | 0.1% | 0.12% | - | - |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | 215.7M▲ 0% | 192.2M▼ 10.9% | 122.9M▼ 36.1% | 82.3M▼ 33.0% | 90.1M▲ 9.5% | 100.4M▲ 11.4% | 98.8M▼ 1.6% | 127.1M▲ 28.6% | 118.8M▼ 6.5% | 118.7M▲ 0% |
| Operating Margin % | 5.22% | 4.58% | 3.13% | 2.81% | 3.04% | 3.12% | 3.34% | 4.76% | 4.91% | 5.01% |
| Operating Income Growth % | 3.21% | -10.89% | -36.06% | -33.03% | 9.48% | 11.43% | -1.59% | 28.64% | -6.53% | - |
| EBITDA | 448.2M | 407.1M | 332.4M | 263.9M | 247.4M | 241.7M | 227.6M | 229.6M | 197.4M | 196M |
| EBITDA Margin % | 10.85% | 9.71% | 8.47% | 9.01% | 8.36% | 7.51% | 7.7% | 8.59% | 8.16% | 8.26% |
| EBITDA Growth % | -7.8% | -9.17% | -18.35% | -20.61% | -6.25% | -2.3% | -5.83% | 0.88% | -14.02% | -10.38% |
| D&A (Non-Cash Add-back) | 232.5M | 214.9M | 209.5M | 181.6M | 157.3M | 141.3M | 128.8M | 102.5M | 78.6M | 77.3M |
| EBIT | 162.3M | 99.9M | 9.4M | -31.2M | 108.8M | 71.7M | 21.8M | 18.5M | 118.8M | 101.5M |
| Net Interest Income | -70.9M | -73.2M | -90M | -68.8M | -59.6M | -48.4M | -70M | -64.5M | -50.5M | -48.1M |
| Interest Income | 200K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 71.1M | 73.3M | 90M | 68.8M | 59.6M | 48.4M | 70M | 64.5M | 50.5M | 48.1M |
| Other Income/Expense | -124.5M | -164.7M | -203M | -188.6M | -42.8M | -82.7M | -141.4M | -171.6M | -86.3M | -85.1M |
| Pretax Income | 91.2M▲ 0% | 27.5M▼ 69.8% | -80.1M▼ 391.3% | -106.3M▼ 32.7% | 47.3M▲ 144.5% | 17.7M▼ 62.6% | -42.6M▼ 340.7% | -44.5M▼ 4.5% | 32.5M▲ 173.0% | 33.6M▲ 0% |
| Pretax Margin % | 2.21% | 0.66% | -2.04% | -3.63% | 1.6% | 0.55% | -1.44% | -1.67% | 1.34% | 1.42% |
| Income Tax | -16M | -9.8M | -24.4M | 300K | 9.5M | 8.4M | 12.8M | 6.4M | 5.5M | 6.2M |
| Effective Tax Rate % | -17.54% | -35.64% | 30.46% | -0.28% | 20.08% | 47.46% | -30.05% | -14.38% | 16.92% | 18.45% |
| Net Income | 107.2M▲ 0% | 8.5M▼ 92.1% | -55.4M▼ 751.8% | -128.3M▼ 131.6% | 37.8M▲ 129.5% | 9.3M▼ 75.4% | -55.4M▼ 695.7% | -50.9M▲ 8.1% | 27M▲ 153.0% | 27.4M▲ 0% |
| Net Margin % | 2.59% | 0.2% | -1.41% | -4.38% | 1.28% | 0.29% | -1.87% | -1.9% | 1.12% | 1.16% |
| Net Income Growth % | 138.75% | -92.07% | -751.76% | -131.59% | 129.46% | -75.4% | -695.7% | 8.12% | 153.05% | 261.18% |
| Net Income (Continuing) | 118.1M | 29.9M | -55.4M | -106.6M | 37.8M | 9.3M | -55.4M | -50.9M | 27M | 27.4M |
| Discontinued Operations | 0 | 0 | -100.6M | -21.9M | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 17.7M | 17.7M | 700K | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 2.07▲ 0% | 0.16▼ 92.3% | -1.11▼ 793.8% | -2.53▼ 128.3% | 0.71▲ 128.0% | 0.18▼ 74.6% | -1.14▼ 733.3% | -1.07▲ 6.1% | 0.54▲ 150.5% | 0.55▲ 0% |
| EPS Growth % | 130% | -92.27% | -793.75% | -128.25% | 128.02% | -74.65% | -733.33% | 6.14% | 150.47% | 248.02% |
| EPS (Basic) | 2.16 | 0.17 | -1.11 | -2.53 | 0.74 | 0.18 | -1.14 | -1.07 | 0.57 | - |
| Diluted Shares Outstanding | 51.8M | 51.6M | 50M | 50.6M | 53M | 52.5M | 48.4M | 47.6M | 49.9M | 49.6M |
| Basic Shares Outstanding | 49.6M | 49.8M | 50M | 50.6M | 51.3M | 50.7M | 48.4M | 47.6M | 47.6M | 47.7M |
| Dividend Payout Ratio | 58.3% | 740% | - | - | 3.7% | 15.05% | - | - | 53.33% | - |
QUAD Balance Sheet
Quad/Graphics, Inc. (QUAD) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Current Assets | 908.5M | 946.6M | 910.9M | 679.2M | 809.1M | 704.5M | 587.7M | 534.3M | 538.4M | 522.6M |
| Cash & Short-Term Investments | 64.3M | 69.5M | 78.7M | 55.2M | 179.9M | 25.2M | 52.9M | 29.2M | 63.3M | 7M |
| Cash Only | 64.3M | 69.5M | 78.7M | 55.2M | 179.9M | 25.2M | 52.9M | 29.2M | 63.3M | 7M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 552.5M | 497.6M | 456.1M | 399.1M | 362M | 372.6M | 316.2M | 273.2M | 294.8M | 311.6M |
| Days Sales Outstanding | 48.81 | 43.31 | 42.43 | 49.72 | 44.63 | 42.28 | 39.02 | 37.32 | 44.47 | 46.54 |
| Inventory | 246.5M | 300.6M | 210.5M | 170.2M | 226.2M | 260.7M | 178.8M | 162.4M | 143.5M | 164.7M |
| Days Inventory Outstanding | 25.83 | 31.96 | 22.61 | 24.72 | 32.45 | 34.52 | 26.03 | 27.05 | 26.52 | 30.17 |
| Other Current Assets | 2.1M | 55.3M | 115.9M | 0 | 0 | 46M | 39.8M | 69.5M | 36.8M | 39.3M |
| Total Non-Current Assets | 1.54B | 1.52B | 1.51B | 1.25B | 1.08B | 997.3M | 922M | 764.7M | 714.5M | 708.3M |
| Property, Plant & Equipment | 1.38B | 1.26B | 1.13B | 965.2M | 852.7M | 783.2M | 717.2M | 578.6M | 529.6M | 523.4M |
| Fixed Asset Turnover | 3.00x | 3.34x | 3.46x | 3.04x | 3.47x | 4.11x | 4.12x | 4.62x | 4.57x | 4.38x |
| Goodwill | 0 | 54.6M | 103M | 103M | 86.4M | 86.4M | 103M | 100.3M | 107.6M | 107.6M |
| Intangible Assets | 43.4M | 112.6M | 137.2M | 104.3M | 75.3M | 46.9M | 21.8M | 7.2M | 13.7M | 12.5M |
| Long-Term Investments | 3.6M | 4M | 3.6M | 2.6M | -11.8M | 0 | 0 | 0 | 0 | 15.2M |
| Other Non-Current Assets | 77.4M | 61.8M | 125.2M | 73.4M | 66.5M | 71.5M | 80M | 78.6M | 63.6M | 241.1M |
| Total Assets | 2.45B▲ 0% | 2.47B▲ 0.7% | 2.42B▼ 2.1% | 1.93B▼ 20.2% | 1.89B▼ 2.0% | 1.7B▼ 10.0% | 1.51B▼ 11.3% | 1.3B▼ 14.0% | 1.25B▼ 3.5% | 1.23B▲ 0% |
| Asset Turnover | 1.68x | 1.70x | 1.62x | 1.52x | 1.57x | 1.89x | 1.96x | 2.06x | 1.93x | 1.90x |
| Asset Growth % | -4.58% | 0.68% | -2.11% | -20.25% | -1.96% | -9.96% | -11.29% | -13.96% | -3.55% | -22.8% |
| Total Current Liabilities | 745.9M | 851.3M | 813.4M | 682.7M | 957.1M | 795.4M | 790.8M | 698.7M | 624.2M | 554.3M |
| Accounts Payable | 381.6M | 496.3M | 416.7M | 320M | 367.3M | 456.6M | 373.6M | 356.7M | 342M | 317.5M |
| Days Payables Outstanding | 39.99 | 52.77 | 44.76 | 46.47 | 52.7 | 60.45 | 54.4 | 59.41 | 63.2 | 58.59 |
| Short-Term Debt | 42M | 42.9M | 77.9M | 20.7M | 245.6M | 89.7M | 151.7M | 28M | 70.5M | 73M |
| Deferred Revenue (Current) | -5.6M | -5.1M | 0 | 52.9M | 66.4M | 53.1M | 35.6M | 44.7M | 0 | 0 |
| Other Current Liabilities | 164.6M | 184.7M | 276M | 229M | 119.1M | 167M | 181.7M | 129.6M | 211.7M | 163.8M |
| Current Ratio | 1.22x | 1.11x | 1.12x | 0.99x | 0.85x | 0.89x | 0.74x | 0.76x | 0.86x | 0.86x |
| Quick Ratio | 0.89x | 0.76x | 0.86x | 0.75x | 0.61x | 0.56x | 0.52x | 0.53x | 0.63x | 0.63x |
| Cash Conversion Cycle | 34.65 | 22.5 | 20.28 | 27.97 | 24.39 | 16.34 | 10.66 | 4.96 | 7.78 | 18.13 |
| Total Non-Current Liabilities | 1.18B | 1.16B | 1.36B | 1.16B | 796.1M | 733.5M | 599.4M | 550.4M | 500.1M | 550M |
| Long-Term Debt | 903.5M | 882.6M | 1.06B | 902.7M | 554.9M | 506.7M | 362.5M | 349.1M | 322.9M | 430.4M |
| Capital Lease Obligations | 13.7M | 10.3M | 76.4M | 56.5M | 101.2M | 88.7M | 83.2M | 62.6M | 50.6M | 108.8M |
| Deferred Tax Liabilities | 41.9M | 32.1M | 2.8M | 4.2M | 11.9M | 9.3M | 5.1M | 3.2M | 4M | 15.9M |
| Other Non-Current Liabilities | 225M | 232.6M | 221.7M | 194.2M | 126M | 127.6M | 147.7M | 135.4M | 122.5M | 513.6M |
| Total Liabilities | 1.93B | 2.01B | 2.17B | 1.84B | 1.75B | 1.53B | 1.39B | 1.25B | 1.12B | 1.1B |
| Total Debt | 964.8M | 940.9M | 1.25B | 1.01B | 931.6M | 713.7M | 625.3M | 464.6M | 444M | 503.4M |
| Net Debt | 900.5M | 871.4M | 1.17B | 955.9M | 751.7M | 688.5M | 572.4M | 435.4M | 380.7M | 496.4M |
| Debt / Equity | 1.85x | 2.04x | 5.12x | 11.92x | 6.81x | 4.13x | 5.23x | 9.31x | 3.45x | 3.45x |
| Debt / EBITDA | 2.15x | 2.31x | 3.76x | 3.83x | 3.77x | 2.95x | 2.75x | 2.02x | 2.25x | 2.57x |
| Net Debt / EBITDA | 2.01x | 2.14x | 3.53x | 3.62x | 3.04x | 2.85x | 2.51x | 1.90x | 1.93x | 1.93x |
| Interest Coverage | 2.28x | 1.36x | 0.10x | -0.45x | 1.83x | 1.48x | 0.31x | 0.29x | 2.35x | 2.11x |
| Total Equity | 522.4M▲ 0% | 460.2M▼ 11.9% | 244.3M▼ 46.9% | 84.8M▼ 65.3% | 136.8M▲ 61.3% | 172.9M▲ 26.4% | 119.5M▼ 30.9% | 49.9M▼ 58.2% | 128.6M▲ 157.7% | 126.6M▲ 0% |
| Equity Growth % | 18.32% | -11.91% | -46.91% | -65.29% | 61.32% | 26.39% | -30.88% | -58.24% | 157.72% | 302.53% |
| Book Value per Share | 10.08 | 8.92 | 4.89 | 1.68 | 2.58 | 3.29 | 2.47 | 1.05 | 2.58 | 2.55 |
| Total Shareholders' Equity | 522.4M | 442.5M | 226.6M | 84.1M | 136.8M | 172.9M | 119.5M | 49.9M | 128.6M | 126.6M |
| Common Stock | 1.4M | 1.4M | 1.4M | 1.4M | 1.4M | 1.4M | 1.4M | 1.4M | 1.4M | 1.4M |
| Retained Earnings | -162.9M | -211.4M | -423.5M | -566M | -527.8M | -518.5M | -573.9M | -635.1M | -623.2M | -622.1M |
| Treasury Stock | -52.8M | -56.6M | -31.5M | -13.1M | -14.9M | -23.5M | -33.1M | -28M | -36.3M | -34.5M |
| Accumulated OCI | -124.4M | -152.2M | -167.2M | -171.3M | -161.2M | -128.3M | -117.6M | -131.2M | -59.5M | -59M |
| Minority Interest | 0 | 17.7M | 17.7M | 700K | 0 | 0 | 0 | 0 | 0 | 0 |
QUAD Cash Flow Statement
Quad/Graphics, Inc. (QUAD) cash flow — operating, investing & free cash flow history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 344M | 260.6M | 155.5M | 190.2M | 136.5M | 154.6M | 147.6M | 112.9M | 95.9M | 95.9M |
| Operating CF Margin % | 8.33% | 6.21% | 3.96% | 6.49% | 4.61% | 4.81% | 4.99% | 4.23% | 3.96% | - |
| Operating CF Growth % | -2.41% | -24.24% | -40.33% | 22.32% | -28.23% | 13.26% | -4.53% | -23.51% | -15.06% | 651.98% |
| Net Income | 107.2M | 7.9M | -156.3M | -128.3M | 37.8M | 9.3M | -55.4M | -50.9M | 27M | 27.4M |
| Depreciation & Amortization | 232.5M | 230.7M | 223.1M | 184.2M | 157.3M | 141.3M | 128.8M | 102.5M | 78.6M | 77.3M |
| Stock-Based Compensation | 16.4M | 15.6M | 13.6M | 10.6M | 6.2M | 6M | 5.6M | 7.3M | 6.6M | 4.8M |
| Deferred Taxes | -22.5M | -14.5M | -57.1M | 0 | 5.3M | 2.4M | -3.7M | -2M | 600K | 0 |
| Other Non-Cash Items | 14.7M | 15.2M | 128.7M | 32.4M | -46.8M | 25.2M | 16.3M | 49.9M | 1.7M | -131.6M |
| Working Capital Changes | -4.3M | 5.7M | 3.5M | 91.3M | -23.3M | -29.6M | 56M | 6.1M | -18.6M | 113.3M |
| Change in Receivables | 8.7M | 49.4M | 57.1M | 72.8M | 12.7M | -18.6M | 65M | 14.8M | -4M | 0 |
| Change in Inventory | 13.1M | -54.3M | 61.3M | 45.8M | -58.3M | -41.1M | 90.3M | 2.4M | 24M | 0 |
| Change in Payables | 9.9M | 24.9M | -96.1M | 0 | 0 | 0 | -106.7M | 7.2M | -31.1M | 0 |
| Cash from Investing | -37.3M | -120.5M | -208.1M | 9.7M | 129.4M | -60.5M | -46.4M | 12.7M | -27.7M | -28.6M |
| Capital Expenditures | -85.9M | -96.3M | -111M | -61M | -50M | -60.3M | -70.8M | -57.2M | -45.2M | -47.2M |
| CapEx % of Revenue | 2.08% | 2.3% | 2.83% | 2.08% | 1.69% | 1.87% | 2.39% | 2.14% | 1.87% | - |
| Acquisitions | 14.1M | -71.4M | -109.9M | -2.2M | 38.3M | -5.9M | -1.5M | 0 | -16.3M | 8M |
| Investments | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 34.5M | 47.2M | 12.8M | 72.9M | 141.1M | 5.7M | 25.9M | 51.8M | 33.8M | 10.6M |
| Cash from Financing | -251.7M | -133.5M | 61.8M | -223.6M | -140.9M | -248.7M | -73.6M | -149.1M | -36.1M | -64.1M |
| Debt Issued (Net) | -173M | -29.1M | 151M | -185.4M | -122M | -234.2M | -58.6M | -133M | -10.1M | -38.1M |
| Equity Issued (Net) | -3.8M | -32.5M | 0 | -1M | 0 | -10M | -12.6M | -2.1M | -8M | -5.8M |
| Dividends Paid | -62.5M | -62.9M | -57.1M | -9.5M | -1.4M | -1.4M | -100K | -9.4M | -14.4M | -16.4M |
| Share Repurchases | -3.8M | -36.7M | -6.6M | -1M | 0 | -10M | -12.6M | -2.1M | -8M | -5.8M |
| Other Financing | -12.4M | -9M | -32.1M | -27.7M | -17.5M | -3.1M | -2.3M | -4.6M | -3.6M | -3.8M |
| Net Change in Cash | 55.3M▲ 0% | 5.1M▼ 90.8% | 9.2M▲ 80.4% | -23.5M▼ 355.4% | 124.7M▲ 630.6% | -154.7M▼ 224.1% | 27.7M▲ 117.9% | -23.7M▼ 185.6% | 34.1M▲ 243.9% | -1.1M▲ 0% |
| Free Cash Flow | 258.1M▲ 0% | 164.3M▼ 36.3% | 44.5M▼ 72.9% | 129.2M▲ 190.3% | 86.5M▼ 33.0% | 94.3M▲ 9.0% | 76.8M▼ 18.6% | 55.7M▼ 27.5% | 50.7M▼ 9.0% | 44M▲ 0% |
| FCF Margin % | 6.25% | 3.92% | 1.13% | 4.41% | 2.92% | 2.93% | 2.6% | 2.08% | 2.1% | 1.86% |
| FCF Growth % | 4.75% | -36.34% | -72.92% | 190.34% | -33.05% | 9.02% | -18.56% | -27.47% | -8.98% | 72.55% |
| FCF per Share | 4.98 | 3.18 | 0.89 | 2.55 | 1.63 | 1.80 | 1.59 | 1.17 | 1.02 | 1.02 |
| FCF Conversion (FCF/Net Income) | 3.21x | 30.66x | -2.81x | -1.48x | 3.61x | 16.62x | -2.66x | -2.22x | 3.55x | 1.61x |
| Interest Paid | 0 | 0 | 0 | 52.3M | 41.8M | 44M | 55.9M | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 4.3M | 6.2M | 12.2M | 0 | 0 | 0 |
QUAD Key Ratios
Quad/Graphics, Inc. (QUAD) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | 22.24% | 1.73% | -15.73% | -77.97% | 34.12% | 6.01% | -37.89% | -60.09% | 30.25% | 24.97% |
| Return on Invested Capital (ROIC) | 10.82% | 10.47% | 6.71% | 5.02% | 7.01% | 8.61% | 9.54% | 16.2% | 17.92% | 17.92% |
| Gross Margin | 15.7% | 13.19% | 13.39% | 14.21% | 14.06% | 14.31% | 15.24% | 17.99% | 18.38% | 18.53% |
| Net Margin | 2.59% | 0.2% | -1.41% | -4.38% | 1.28% | 0.29% | -1.87% | -1.9% | 1.12% | 1.16% |
| Debt / Equity | 1.85x | 2.04x | 5.12x | 11.92x | 6.81x | 4.13x | 5.23x | 9.31x | 3.45x | 3.45x |
| Interest Coverage | 2.28x | 1.36x | 0.10x | -0.45x | 1.83x | 1.48x | 0.31x | 0.29x | 2.35x | 2.11x |
| FCF Conversion | 3.21x | 30.66x | -2.81x | -1.48x | 3.61x | 16.62x | -2.66x | -2.22x | 3.55x | 1.61x |
| Revenue Growth | -4.58% | 1.51% | -6.45% | -25.33% | 1.05% | 8.67% | -8.06% | -9.65% | -9.44% | -10.4% |
QUAD SEC Filings & Documents
Quad/Graphics, Inc. (QUAD) SEC filings — annual & quarterly reports (10-K, 10-Q)
QUAD Frequently Asked Questions
Quad/Graphics, Inc. (QUAD) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Quad/Graphics, Inc. (QUAD) reported $2.37B in revenue for fiscal year 2025. This represents a 5% increase from $2.27B in 2008.
Quad/Graphics, Inc. (QUAD) saw revenue decline by 9.4% over the past year.
Yes, Quad/Graphics, Inc. (QUAD) is profitable, generating $27.4M in net income for fiscal year 2025 (1.1% net margin).
Dividend & Returns
Yes, Quad/Graphics, Inc. (QUAD) pays a dividend with a yield of 3.87%. This makes it attractive for income-focused investors.
Quad/Graphics, Inc. (QUAD) has a return on equity (ROE) of 30.3%. This is excellent, indicating efficient use of shareholder capital.
Quad/Graphics, Inc. (QUAD) generated $44.0M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.
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